Thursday, December 3, 2020

WOTS THUR DEC 3 2020

 WOTS THUR DEC 3 2020

The exchange rate of the dollar in the Iraqi market on Thursday (December 3, 2020), according to the monitoring of specialists.

Baghdad - price on the Kifah Stock Exchange:

125,300

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Price in exchange (approximate)

Purchase of 124,750

Sale 125,750


The Markets:
Asian markets closed mixed NIK up by .03% HSI up by .74% SHANG down by .21%
The UK markets are currently trading mixed   down from .16% to .59% The FTSE is up by 0% 
Our futures are currently trading mixed the DOW at 29836 down by .11% SNP at 3665 down  by .04%  NDX at 12478 up  by .19%

Precious  Metals:
Gold is green at 1838 Silver is green at 24.27 Copper is green at 349 Aluminum  is red at 2037 Platinum is green at 1029
Brent 48 WTi 45

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1163.0000  1212.6000 1192.4000 1192.4000 1192.4000  -0.3000 00:37
 USD/VND  23125.0000  23145.0000 23121.9400 23117.0600 23117.0600  3.5700 00:37
 USD/CNY  6.5553  6.5573 6.5629 6.5522 6.5624  -0.0065 05:07
 USD/KWD  0.3040  0.3050 0.3044 0.3041 0.3044  -0.0003 05:03
 GBP/USD  1.3427  1.3428 1.3429 1.3353 1.3361  0.0065 05:10
 USD/IRR  42000.0000  42210.0000 42097.4000 42097.4000 42097.4000  0.0000 16:00
 USD/IDR  14199.0000  14202.0000 14213.0000 14076.0000 14163.0000  37.0000 05:10
Things in the News:


The flask undergoing resurgence...



Iraqi Articles:

An economist warns of Iraq losing the dollar and increasing its value against the dinar

link

The economic expert, Ihssan Al-Kinani, warned of Iraq's loss of the dollar, the loss of the foreign currency, and the significant increase in its value against the dinar, pointing out that there is a contradiction between the dollar lost annually and the dollar that is legally taken out by merchants and businessmen.

"The financial and banking policy in Iraq needs a fundamental change, and strict control is needed to ensure that every dollar that enters and leaves Iraq is known through special software systems in this regard," Al-Kinani said to "the information ".

He added that "the amounts of dollars leaving Iraq do not correspond to the official data of the competent authorities, and therefore there are big question marks about the loss of this currency and the parties that obtained it."

And that "the continued waste of foreign currency will increase its value against the dinar, in addition to that the prices of goods and commodities will rise dramatically, at a time when Iraq depends almost entirely on import."


Parliamentary Finance: The government has not set a time to send the 2021 budget to Parliament

link

A member of the Parliamentary Finance Committee, Jamal Cougar, explained that the government has not set a time to send the budget next year to Parliament, pointing out that the speed of voting on the budget in Parliament will depend on a set of factors and paragraphs included in the budget.
Cougar said to "the information", "Parliament did not receive notice about the date of receiving the 2021 budget from the government, as it was hoped that it would be delivered to Parliament before reaching this date."
He added, "According to Financial Management Law No. 11, October 15 has been set as the date for sending the budget from the government to Parliament for discussion and amendment, and then reading and voting."
And that, "Parliament, according to the event that the budget comes from the government, it does not have a specific time to vote on it, as this depends on the method of the budget and the problems present in it and the rights included in it, as well as the doors and the rest of the details

Planning: The 2021 budget includes internal and external borrowing to secure salaries

link

The Ministry of Planning announced that the budget for next year 2021 will be highly operational and will depend on oil or other revenues, as well as relying on internal or external borrowing to secure ruling expenses, stressing the importance of continuing important projects and not extinguishing them as happened in the economic crisis after a year 2016.

"The bulk of the budget will be allocated to meet operational expenditures, especially the ruling ones, especially the salaries of state employees that acquire the largest percentage, in addition to the requirements of the health sector and its need for allocations in light of a pandemic," ministry spokesman Abdul Zahra Al-Hindawi said in radio statements. Corona, and also the ration card items, which have witnessed a decline due to the lack of allocations in addition to the security side allocations and the need to perpetuate the momentum of the security force that holds the land and faces terrorism, and to pay the dues of farmers and contractors. "

He pointed out that "the budget includes internal and external borrowing," adding that "what matters to the ministry is the investment side and the process of financing ongoing projects and saving them from the risk of stoppage that threatens them due to the lack of financial allocations, and thus not to repeat what happened in the past years by stopping projects and losing development opportunities and services." .

He pointed to "setting a set of priorities and treatments for projects, according to what is available in terms of financing, as it will be for projects of a service nature that provide services to citizens, projects with advanced proportions, and for strategic projects."

Oil rises as OPEC + resumes talks to extend production cuts after stalemate

link 

Oil prices rose, Thursday, as two producers, including Saudi Arabia and Russia, split over the need to extend the record production cuts that were set in the first wave of the Covid-19 pandemic.

Brent crude rose 21 cents, or 0.4 percent, to $ 48.46 a barrel by 08:02 GMT, after rising 1.8 percent on Wednesday. US oil was up 11 cents, or 0.2%, to $ 45.39 a barrel, after ending a 1.6% gain in the previous session.

The Organization of the Petroleum Exporting Countries (OPEC) and Russia will resume discussions today, Thursday, to agree on policies for 2021, after previous talks did not result in a compromise on how to address weak oil demand amid a new wave of the Corona virus.

It was widely expected that OPEC and its allies, in the group known as OPEC +, would pass oil cuts of 7.7 million barrels per day, or 8% of global supply, at least through March 2021.

But after hopes of getting quick approval for the anti-virus vaccines that spurred the rise in oil prices at the end of November, some producers questioned the need to tighten oil policy backed by Saudi Arabia, the OPEC leader.

Britain approved the COVID-19 vaccine from Pfizer on Wednesday, jumping ahead in a global race to start the most important mass vaccination program in history, giving oil prices an extra boost.
The Energy Information Administration said on Wednesday that crude inventories in the United States fell last week, while gasoline and distillate stocks rose sharply as refiners slowed production amid weak demand


CBI Update:  Just  a note:
They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   
 
Click on the link above for the latest update.

The CBI for rate is 1190.
 The currency auction total sales amount $ 183,046,647.

  including   $ 17,300,000. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

12-3-2020   Intel Guru Bruce   [via WiserNow]   ...we have reason to believe that some green light so to speak have been lit already and...we are expecting things to happen in a relatively short period of time for us...the information we’re getting out of Iraq is that the ATM machines that are loaded in Iraq with the lower denominations of the new Iraqi Dinar are to be switched on and finally turned on either tomorrow (Wed) or Thursday.  ...we are looking for Iraq to put out an international rate...probably tomorrow [Wed]  or Thursday...  [post 1 of 2....stay tuned]
12-2-2020   Newshound Guru Jeff   "Deleting the zeros" could mean deleting zeros off of the physical note themselves or off the rate.  When they reference "delete the zeros" they mean in a way 2 things.  They do mean delete zeros off the note but that's because...they're gonna replace the larger 3 zeroed notes with smaller notes and nothing greater than a 100 dinar.  But the phrase "deleting the zeros" really means deleting zeros off the exchange rate [.00086 becomes .86 ].  The only way they can strengthen the dinar is to replace large notes with small notes and delete zeros off the exchange rate to increase the value.  That's all this means.   Nothing more.

12-2-2020   Intel Guru Frank26  ...IMO there are 5 steps that we are looking at...What are the 5 steps? 1.  The executive bankers they met with the CBI and the CBI told the executive branch level of all the banks in Iraq this is what we are doing with the monetary reform.  The count.  The printing.  The new exchange rate.  The date we want to do this.  The rate we're gonna come out at...that was two weeks ago...now step 2.  The Senior executive level at the banks.  That was last week...step 3.  This week the floor managers are going to start receiving their information...Step 4 that would be the tellers...that will probably be more than likely next week or the week after.  The Managers this week and then it goes to the tellers...  Step 5.  The Citizens...it's going fast.

12-2-2020   Newshound/Intel Guru Mnt Goat   Article:  "THE INTERNATIONAL MONETARY FUND INTENDS TO LEND IRAQ 7 BILLION DOLLARS"...we know Iraq does not have the funds to pay salaries beyond September. They are late already paying our November’s. Okay so why would the IMF all of sudden change its mind and decide to loan Iraq money? They just told us 6 months ago there was a moratorium on loaning any money to Iraq . So, what has changed? I will tell you...it was the fact that Iraq presented the “white paper” and the second major reform on it is the project to delete the zeros...by completing this project it leads to the reinstatement we are looking for. ...this article is yet another indication that the reinstatement is much sooner than later.

12-2-2020  Newshound Guru Pimpy  ...the deletion of the zeros what that means is devaluing the currency the Iraqi dinar.  Which is not the same as deleting the zeros off the rate.  That's different.  I'm talking about deleting the zeros off the dinar.  So what happens is 1000 dinar becomes 1 dinar...that doesn't help Iraq at all...There's a lot of back and forth about this...you've got one person talking about they need to delete off the exchange rate, which we love and support that of course because that's good for us.  But the deletion off the currency is not good...just be happy that they're talking about it...we want to see what they do not what they say...

12-2-2020   Newshound Guru  Breitling  People are looking at the Iraqi dinar and saying, 'there has never been a currency ever that they added that much value over night. How can they do that."  ...that value was taken away.  It's not inflation.  How did they take it away?  They printed more currency..

12-2-2020   Intel Guru MarkZ   [via PDK]  What I am seeing right now is continued in Iraq and Vietnam as they prepare for the change in the value of their currencies. This is what brings me the most comfort right now.  It has gone from the CBI level to the individual bank level in Iraq as they work on the education process.  ...timing wise my best guess is it will happen sooner rather than later.

12-2-2020   Intel Guru Bluwolf   ...I don't control this outcome...that is up to your Commander in Chief and...my voice as of many others have reach his ears and we have encourage to give the GO. And you know what he is really pushing it forward thanks to all who have written to him. We encourage him to release the RV/redemption last 2nd of October and he ordered it but then because of a security breach that was postponed somehow till today...Your blessing are now just hours away...  And this will only get done if Mr.President overrides everything and does so. ..."WE WILL HAVE A MERRY CHRISTMAS."
[post 2 of 2]

12-2-2020   Intel Guru Bluwolf   ...I like many have very good sources and in very high places...I take my responsibility very seriously...I speak only when the time is precise and I cut it very short...The variables or shifts that transpire is not because of false information but SIMPLY BECAUSE OF CORRUPT GOVERNMENT PARTIES AND THERE PUPPETRY AGENDAS AND THE SO CALL ELITES...  [post 1 of 2....stay tuned]

12-2-2020   Intel Guru Frank26  ...By raising the value of the Iraq dinar the citizens can go and buy these bonds as an investment with the Iraqi dinar...If you try to buy these bonds with the American dollar the GOI is going to tell you - nope.  No can do.  You have to buy with Iraqi dinars...by selling these bonds it's going to help the dinar - monetary reform.  Brilliant. [Post 2 of 2]

12-2-2020   Intel Guru Frank26   Article:   "Iraq seeks to "sell things" at about $5 billion to citizens"   ...This is huge.  This is monstrous.  Bonds.  No other guru is talking to you about this...this is so important.  The article very plainly tells you, 'we are going to fix the exchange rate...it's going to be fixed against the American dollar."  That's a rate of 1 to 1.  They told you that many years ago and now they're telling you again now...  [Post 1 of 2....stay tuned]

12-2-2020   Newshound Guru Jeff    Article:  "An economist calls for deleting the three zeros from the dinar to strengthen the local currency"  Another good article to share with you...talking about deleting the zeros to strengthen the dinar.  Notice how they used the word "strengthen" the dinar.  I don't have to tell you from my opinion it's strengthening.  They're telling you it's strengthening...over the last 3 to 6 months they put a lot of articles out talking about devaluing the Iraq dinar.  Now they're talking about strengthening the dinar...notice how they're doing this now and they've put an emphasis on it for the past week...this article straight up tells you strengthening the Iraq dinar...



Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi chairs a meeting to develop the management of newly completed hospitals 

Today, Wednesday, the Prime Minister, Mustafa Al-Kazimi, chaired a meeting devoted to researching the development of the management of newly completed hospitals.

The meeting discussed the mechanisms of inviting specialized and discreet companies for the purpose of managing, operating and maintaining these hospitals, as well as providing the necessary funding for that in a manner that ensures that they provide the best services to citizens, with the need not to burden citizens with any additional burdens.

During the meeting, it was discussed that these companies would provide training and upgrading services to the Iraqi health staff, whether for doctors or other health and nursing staff.

The Prime Minister stressed that the results of development and the invitation of companies should be reflected positively on the services provided to citizens, as the state is responsible for financing the invitation to participate, provided that the citizen receives the health services he needs in the best way and level.

Media Office of the Prime Minister
2- December- 2020

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi chairs a meeting of the Ministerial Council for National Security 

The Prime Minister and Commander in Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, chaired today, Wednesday, the meeting of the Ministerial Council for National Security.

During the meeting, security developments in the country were discussed, and the topics included in its agenda were discussed.

At the beginning of the meeting, Mr. Al-Kazemi referred to the challenges facing the country, including the security challenge, and although there are achievements in combating organized crime and terrorist gangs, there are attempts to impose reality from parties under different headings.

The Commander-in-Chief of the Armed Forces indicated that there are problems and challenges in the city of Nasiriyah, and they were contained, after a committee was dispatched and a crisis cell was formed regarding the events of Dhi Qar Governorate, which was headed by the National Security Adviser and the Head of the National Security Agency, praising the steps taken This committee carried out these activities, including the meetings and meetings that contributed to reducing tension, explaining that the protests in the city of Nasiriyah included real demands.

The Commander-in-Chief of the Armed Forces emphasized the support of the Dhi Qar Governorate police by the Ministry of the Interior, imposing the prestige of the security forces, providing services to the province in coordination with the Ministry of Construction and Housing, as well as initiating stalled projects and providing infrastructure, and everything that the people of this province need, stressing also He stressed the importance of restoring security and safety in the city of Nasiriyah, and directed his Excellency to arrange a meeting with the families of the martyrs to listen to their requests and needs.

The National Security Adviser presented a detailed report on the measures taken in the city of Nasiriyah, and the results achieved from the committee’s visit, including the involvement of academics in the governorate in discussing the situation there, and the repeated meetings with a number of sheikhs and notables.

During the meeting, the Commander-in-Chief of the Armed Forces discussed the importance of training for the armed forces, and ways of working to provide what these forces need to sustain the momentum of their work.

His Excellency referred to the great popular welcome regarding the achievement that was achieved in Sinjar, stressing the protection of the citizen, providing security and stability, imposing the prestige of the state and dealing firmly with anyone who tries to tamper with security, and this is among the security services' priorities and duties.

It was also decided during the meeting:
1- The Diwani Order Committee (319) continues to implement its tasks to achieve security, service and social stability in Dhi Qar Governorate, and to undertake coordination with all relevant authorities in order to advance the reality of the governorate.
2- The Ministry of Interior shall provide appropriate support and attribution to the Dhi Qar Governorate Police Command, and work to enhance confidence between the citizen and the security forces.
3- The Diwani Order Committee (319) coordinates with the Ministry of Construction and Housing regarding the allocation of plots of lands in the governorate, and their distribution to the eligible segments according to priorities.
4- The Prime Minister’s Office, in coordination with the National Security Adviser, shall present an appropriate vision or action plan dealing with the advancement of the private sector in the governorate, employing manpower, and providing job opportunities to accommodate as many people as possible.

Media Office of the Prime Minister
2- December- 2020

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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister Mustafa Al-Kazemi chairs the meeting of the Supreme Committee for National Health and Safety 

The Prime Minister, Mr. Mustafa Al-Kazemi, chaired today, Wednesday, the meeting of the Supreme Committee for National Health and Safety.

The Prime Minister praised the efforts and dedication of health sector workers, which was positively reflected in reducing the death rate among those infected with the Corona pandemic.

His Excellency also stressed the importance of continuing these efforts with the same momentum, and providing all medical supplies that contribute to providing treatment and health care, and directed the Ministry of Health to intensify efforts and work to deliver the vaccine to the country as soon as possible.

The Minister of Health presented a detailed report on developments in dealing with the Covid-19 virus and the statistics related to it, as well as on the nature of the procedures required to provide the vaccines available globally, as well as on the companies contributing to their production, and the extent of their approval in accordance with the conditions to be provided in the vaccine, which were approved by the World Health Organization.

The report also reviewed the international bodies accredited to approve vaccines upon selection, and the availability of logistical services related to transporting, storing and circulating the vaccine until it reaches the beneficiary.
He also presented a summary of the prices of vaccines, and the countries that have contracted with the producing companies so far.

The meeting endorsed the recommendations presented by the Ministry of Health, and what it needs to support its efforts to combat the spread of the Corona pandemic.

It was also approved to approve the Ministry of Education plan, in a way that guarantees the health and safety of pupils, students and teaching staff, and confirms that the requirements of the educational process required in all Iraqi schools are fulfilled, taking into account the observations of the Ministry of Health, provided that the plan is re-evaluated according to the developments of the epidemiological situation.

The meeting also witnessed the approval of the Ministry of Higher Education and Scientific Research plan to start the academic year 2020/2021, for initial and postgraduate studies in all universities and private colleges, in a manner that guarantees the safety of students and educational and employment staff, provided that the plan is reassessed according to the epidemiological situation.

The meeting took a decision to consider the Corona pandemic as a force majeure for all projects and contracts in force, starting from February 20, 2020, until the issuance of this decision, while granting the Ministry of Planning the authority to exclude special cases from among projects, and to submit requests for exemption before the date of 1/3 / 2021.

Media Office of the Prime Minister
2- December- 2020

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ARTICLE 2 (from Government of Iraq twitter account)

Watch: Highlights from the Cabinet Spokesperson's press conference, the Minister of Culture
@HassanNadhem, during which he briefed the media on the weekly meeting of the Cabinet and domestic developments:
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ARTICLE 3

Officially .. Finance announces the launch of the retirement salaries

02/12/2020 15:54 • 
[Baghdad-Where]
The Iraqi Ministry of Finance announced, on Wednesday, the release of the salaries of retirees for the current month.
The media office of the Ministry of Finance said in a notice. "The ministry released the salaries of retirees for the month of December."

Earlier today, Wednesday, an informed source revealed that the salaries of retirees would begin to be distributed, starting tomorrow, Thursday.

The source said in an interview. "The payment of salaries to retirees, starting from tomorrow evening, Thursday, after the Pension Authority sends the exchange lists to banks."

The source, who asked not to be named, added that the exchange process will continue until Friday.
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ARTICLE 4

The Kurdistan government unveils a loan to cover the financial deficit and the salaries of employees

 02/12/2020 18:40 • 
[Baghdad_Where]
The Kurdistan Regional Government confirmed, today, Wednesday, that a delegation from the Kurdistan Regional Government will visit Baghdad soon to discuss the outstanding problems, while indicating that the Kurdistan Regional Government will borrow 355 million dollars to fill the deficit.
"The Kurdistan Regional Government is insistent on paying employees' dues," said Kurdistan Regional Government spokesman Jotyar Adel, in a press conference, pointing out that "the Kurdistan Regional Government will borrow 355 million dollars to meet the deficit until the sums arrive from Baghdad."
He added, "The territorial government was able to provide 400 million dollars from imports for the distribution of salaries," noting that "the regional government will do everything it has to get the region's dues and employees in particular."
He pointed out that "the regional government delegation will visit Baghdad soon," indicating that "all delegations that were sent to Baghdad were headed by Qubad Talabani, Vice President of the Kurdistan Regional Government, and negotiations were good and our negotiations with Baghdad are continuing."
He continued, "The region asked the center for a share of 17% of the budget, but this will be through dialogue," noting that "the problem with Baghdad is not only a matter of salaries," noting that "the central government has promised to solve the issue of regional employees' salaries."

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ARTICLE 5

Parliamentary Security reveals spending 18 billion dinars to secure the border with Syria

12/1/2020 21:06 • 
[Follow-up_wine]
Member of the Parliamentary Security and Defense Committee, MP Abd al-Khaliq al-Azzawi, confirmed, on Tuesday, spending 18 billion dinars to secure the borders with Syria.
Al-Azzawi said in an interview that securing the borders with Syria is a strategic necessity for the Iraqi national security, as it is a direct threat in light of the significant activity of ISIS terrorist cells in many areas close to the borders.

Al-Azzawi added, "18 billion dinars have been monitored and spent in the government of Adel Abdul Mahdi in order to finance various types of border fortification projects, enhance the capabilities of the existing forces to monitor and follow-up and thwart any infiltration attempts, whether by terrorists or smugglers."

Al-Azzawi pointed out that "the status of the Iraqi-Syrian borders is much better than previous years, but it cannot be confirmed after the presence of infiltration cases that occur to individuals and not large groups because there is monitoring and follow-up by the Iraqi forces of all kinds and there is good coordination between them and the activation of the intelligence dimension.
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